OpenAI CEO Sam Altman walks in the Hart Senate Office Building, following meetings on Capitol Hill, Washington, DC, US, June 3, 2026.
Evelyn Hockstein Reuters
OpenAI said it has appointed longtime finance executives David Vélez and Robin Vince to its nonprofit and for-profit boards of directors, as the company marches closer to a potential IPO.
Vélez is the CEO of Nubank, the largest digital bank in Latin America, and Vince is the CEO of the financial services company BNY. OpenAI said in a statement on Tuesday that the pair will provide the company with “complementary ideas on how technology can reshape industries and drive economic growth.”
The appointment comes as OpenAI, valued at more than $850 billion, prepares for a potentially massive public offering. The company filed its prospectus privately with the Securities and Exchange Commission in June, though it has not disclosed an official timeline for when it plans to launch.
OpenAI refinanced in October which solidified its structure as a non-profit organization, called the OpenAI Foundation, with a controlling stake in its for-profit entity, OpenAI Group PBC. The company said in a release at the time that the nonprofit’s equity was estimated at $130 billion, and has since promoted the organization as one of the most well-resourced nonprofits in the world.
“David and Robin are exceptional leaders who have used technology to reshape financial services and expand opportunities around the world,” said Bret Taylor, chairman of the OpenAI Foundation and OpenAI Group PBC Boards, in a statement. “Their experience will be invaluable as OpenAI serves more businesses and people around the world, working to ensure that AI benefits everyone.”
Vélez and Vince will work alongside existing OpenAI board members, including Taylor, former CEO of OpenAI. Salesforceand OpenAI CEO Sam Altman. Quora CEO Adam D’Angelo, longtime healthcare executive Dr. Sue Desmond-Hellmann, Carnegie Mellon University professor Zico Kolter, retired US Army General Paul Nakasone, Adebayo Ogunlesi, founder of Global Infrastructure Partners, and former Sony executive Nicole Seligman are also board members.
Kolter is the only non-profit organization board member. OpenAI said in October that within a year of the re-establishment, the second foundation director would transition to “serving exclusively on the Foundation Board and as a non-voting observer on the Group’s board.”
Altman was briefly ousted from his role as CEO in 2023, when previous board members determined he was “ineffective at communications.” Altman rejoined the company after several days of negotiations, and was reinstated to the board in March of 2024.
WATCH: Watch the full CNBC interview with OpenAI chairman and Sierra co-founder Bret Taylor
